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Apple sets record for company value at $621B

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In this file photo taken March 7, 2012, the Apple logo is projected during an announcement in San Francisco. Apple is the world’s most valuable company as its surging stock propelled the company’s value to $621 billion on Monday, Aug. 20, 2012. AP PHOTO/PAUL SAKUMA

NEW YORK—Apple is the world’s most valuable company, ever.

On Monday, its surging stock propelled the company’s value to $621 billion, beating the record for market capitalization set by Microsoft Corp. in the heady days of the Internet boom.

Apple’s stock has hit new highs recently because of optimism around what is believed to be the impending launch of the iPhone 5, and possibly a smaller, cheaper iPad.

Apple Inc. has been the world’s most valuable company since the end of last year. It’s now worth 53 percent more than No. 2 Exxon Mobil Corp.

The comparison to Microsoft does not take inflation into account. In inflation-adjusted dollars, the software giant was worth about $850 billion on Dec. 30, 1999. Microsoft is now worth $257 billion.

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Tags: Apple , Biggest Company , technology , US

  • Vertumnus

    Apple is all hype.  Compared to Bill Gates, Steve Jobs didn’t leave behind any kind of philanthropic organization to help the less fortunate.  In terms of giving back, Apple falls way short. Microsoft on the other hand, established charity organizations helping people from developing countries get clean water, education and access to health care.  That’s what people who achieved financial security should do. 
    While Apples product might be stylistically better than their competitors, technologically they are just about the same.  Apple manage to hire good marketing and have customers who are preoccupied with owning a status symbol that they are willing to throw away money on owning a name. Apple products have the same and similar parts as can be found in their competitors products just check out Samsung products.

    • pablosantino

      maliit lang naman shares ni steve jobs sa apple  around 1 percent lang…kaya kunti lang din pera nya dun, malaking shares belongs sa mga financial institutions katulad ng mga banking giants..unlike kay bill gates malaki shares nya sa microsft..

  • doctor_mengele

    Apple deserves this. Really, they do make our lives a bit easier and less mundane. We have to thank Stevie Jobs for that.

    Taxing on the pocket, though. Hahaha, but never the less, worth it.



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